Philips to Buy Teletrol

As the lighting world continues to evolve toward more comprehensive energy-efficient solutions, the importance of lighting controls as a part of that solution continues to grow. In a move to expand its ability to give customers more control over their use of lighting and energy, Royal Philips Electronics, Netherlands-based parent of Philips Lighting, Somerset, N.J., has acquired Teletrol Systems, Manchester, N.H.

Teletrol's existing leadership team will continue with the company as it is integrated into the Controls business unit within Philips Lighting. The integration process is expected to take a year and a half, said Susan Bloom, director of corporate communications for Philips Lighting and Philips Lighting Electronics. The unit will continue to go to market under the Teletrol name, but could be rebranded to Philips in the future, “if the market requires it,” she said.

“While fully integrating the business into the Controls business unit within Philips Lighting, we will continue to nurture Teletrol's entrepreneurial and innovative spirit,” Bloom said.

Teletrol, founded in 1985, builds and sells software and hardware-based building automation and energy management systems and controls.